Celsius Holdings, Inc. (CSUH.OB) Reports Substantial Revenue Growth
Celsius Holdings, Inc. announced that revenues for the first quarter of this year nearly doubled from the previous year’s total of $533,000 to $971,000. The company also told investors today that during the period operations resulted in a net loss of $1.2 million, or $0.01 per basic and diluted share, which equaled the reported amount of the same period last year. Mr. Stephen C. Haley, chairman and CEO stated, “We continue to see improved sales from most parts of the country, especially in our focus areas. We added several key retailers and distributors this quarter and the reorders from established…